It is inevitable to some that
the United States will adopt a new, fairer, Federal tax
system. And it won't necessarily be a flat tax on income or a
national sales tax. Here's a look at what it might be.(Article)

Getting Started
with CPA ElderCare Services

By George
A. Lewis

ElderCare Services
position the CPA practitioner at the hub of a variety of
services that cater to the financial, medical, and legal needs
of members of the growing U.S. elderly population. Making the
leap to ElderCare Services requires commitment and investment
but can be lucrative.(Article)

Benefits
and Rewards of the 'New' Home Office
Deduction

By Alan R.
Sumutka and James Volpi

Changes enacted by the
Taxpayer Relief Act of 1997 mean that qualifying for the home
office deduction is easier than ever--but the gray areas of
how and when to claim it have only gotten murkier. The
advantages, however, are substantial and worth the effort of
planning.(Article)

Twenty Questions on Protecting Business and
Family Assets

By Peter A. Karl,
III

As the U.S. population
ages and more and more taxpayers retire, issues of estate
planning and wealth preservation take on an increased
importance. If used early and prudently, wills trusts, and
other estate planning instruments can protect business and
family assets in old age and after death.(Article)

Ethics Releases Address Independence

By Laura Ellis

The trend of large
financial services companies acquiring CPA firms continues,
creating ethical problems that require new guidance.
Practitioners should be aware of the recent AICPA releases and
interpretations and their possible implications.(Article)

Accountants and Financial Planning:
Structuring for Success

By Thomas R. Manisero and Fred N. Knopf

The profession has been
eyeing the prospect of commission-driven financial planning
practices; the barriers are coming down. The thoughtful CPA
will proceed with caution and put the interests of the client
first and foremost.(Article)

The
CPA Journal is broadly recognized as an outstanding, technical-refereed
publication aimed at public practitioners, management, educators, and other accounting
professionals. It is edited by CPAs for CPAs. Our goal is to provide CPAs
and other accounting professionals with the information and news to enable
them to be successful accountants, managers, and executives in today's
practice environments.